Confluent (NASDAQ:CFLT) Director Neha Narkhede Sells 23,100 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 23,100 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.00, for a total value of $693,000.00. Following the sale, the director owned 28,549 shares in the company, valued at approximately $856,470. This represents a 44.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Neha Narkhede also recently made the following trade(s):

• On Monday, December 8th, Neha Narkhede sold 40,000 shares of Confluent stock. The stock was sold at an average price of $29.77, for a total value of $1,190,800.00.
• On Monday, December 1st, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $22.15, for a total value of $664,500.00.
• On Monday, November 3rd, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $23.57, for a total value of $707,100.00.
• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.65, for a total value of $709,500.00.

Confluent Price Performance

CFLT opened at $30.05 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a market capitalization of $10.51 billion, a P/E ratio of -33.39 and a beta of 0.99. The company’s 50-day simple moving average is $23.43 and its two-hundred day simple moving average is $22.30. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The firm had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. As a group, analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CFLT. Needham & Company LLC lowered shares of Confluent from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird raised their price target on Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Confluent and gave the company a “hold” rating in a research report on Monday. Raymond James Financial downgraded Confluent from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, The Goldman Sachs Group boosted their price target on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.71.

Institutional Trading of Confluent

Several hedge funds have recently bought and sold shares of CFLT. Vanguard Group Inc. lifted its position in shares of Confluent by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock valued at $620,675,000 after buying an additional 2,970,708 shares in the last quarter. Altimeter Capital Management LP increased its holdings in Confluent by 11.0% in the 1st quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock worth $305,706,000 after acquiring an additional 1,295,710 shares in the last quarter. Champlain Investment Partners LLC raised its stake in Confluent by 6.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock worth $288,939,000 after acquiring an additional 727,943 shares during the period. William Blair Investment Management LLC lifted its holdings in Confluent by 3.8% during the second quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock valued at $240,303,000 after purchasing an additional 356,277 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Confluent by 1.7% in the second quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock worth $214,210,000 after purchasing an additional 143,232 shares during the period. Institutional investors own 78.09% of the company’s stock.

About Confluent

Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.